Short Interest in Virtus Global Multi-Sector Income Fund (NYSE:VGI) Drops By 29.4%

Virtus Global Multi-Sector Income Fund (NYSE:VGI) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 50,700 shares, a drop of 29.4% from the November 15th total of 71,800 shares. Based on an average daily volume of 39,200 shares, the short-interest ratio is currently 1.3 days.

Virtus Global Multi-Sector Income Fund Stock Down 1.0 %

Shares of NYSE VGI traded down $0.08 during mid-day trading on Friday, hitting $7.92. The company had a trading volume of 50,188 shares, compared to its average volume of 38,366. Virtus Global Multi-Sector Income Fund has a 1-year low of $7.18 and a 1-year high of $8.32. The business’s 50-day simple moving average is $8.01 and its 200 day simple moving average is $7.83.

Virtus Global Multi-Sector Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.12%.

Institutional Investors Weigh In On Virtus Global Multi-Sector Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James & Associates increased its position in Virtus Global Multi-Sector Income Fund by 9.4% during the 2nd quarter. Raymond James & Associates now owns 180,120 shares of the company’s stock worth $1,364,000 after purchasing an additional 15,463 shares during the period. CoreCap Advisors LLC purchased a new position in Virtus Global Multi-Sector Income Fund in the 2nd quarter valued at about $823,000. Fiera Capital Corp lifted its stake in shares of Virtus Global Multi-Sector Income Fund by 10.3% during the third quarter. Fiera Capital Corp now owns 99,661 shares of the company’s stock valued at $807,000 after buying an additional 9,310 shares during the period. Matisse Capital boosted its holdings in shares of Virtus Global Multi-Sector Income Fund by 13.5% during the second quarter. Matisse Capital now owns 77,022 shares of the company’s stock worth $583,000 after purchasing an additional 9,140 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in Virtus Global Multi-Sector Income Fund by 57.8% in the 3rd quarter. Stifel Financial Corp now owns 70,175 shares of the company’s stock worth $568,000 after buying an additional 25,710 shares during the last quarter.

Virtus Global Multi-Sector Income Fund Company Profile

Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds.